Breaking Forecast 11/01/2017 Waiting for the decline of EURUSD. A day of important news. There is probably a strong movement. Today on Wednesday, November 1, at 11:15 AM London time, a report on employment in the US for October from the private agency ADP will be released. A strong result is expected, a gain of […]

Breaking Forecast 10.31.2017 All the news is in favor of the US dollar. On Monday, an important report on US consumers’ incomes/expenditures was published: revenue growth was +0.4% for the month, expenses + 1% for the month (on the upper range of forecasts). Inflation, however, according to the PCE index (on the consumer goods basket) […]

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BITCOIN has been impulsively bullish after the retest of the $6,000 price level recently. It was expected that the price will retrace much deeply towards the dynamic levels of 20 EMA and Tenkan Sen, but due to heavy bullish momentum, the price pushed higher without any deeper pullback. The last month was very challenging for […]

USDX is forming fractals around the support area of 94.60 and it is adding a kind of strength to that zone in the short term. The outlook points to a consolidation in favor of the bulls, with the nearest target placed around the 95.85 level once it manages to break above October 27th highs. To […]

The price action in the GBP/USD pair remains in favor of the bulls temporarily, despite it has been trapped in a narrow range across the board. The resistance zone of 1.3309 is providing a solid barrier for the bulls and if it manages to pull back around that area, further declines are expected towards the […]

The BITCOIN (BTC) has been trading upwards. As I expected, the price tested the level of $6.583. On October 31 the world’s largest options and futures exchange, CME Group, has announced it will be launching a bitcoin-based derivatives marketplace for future contracts during Q4 of 2017. The US-headquartered financial markets company says there is “increasing […]

The prevailing risk-on mood ahead of key risk events in the next few days lifted the US dollar and weakened the Yen in European trading on Wednesday. Upbeat economic data also boosted the greenback along with the British Pound. The aussie and kiwi were other notable gainers, while the Euro joined the yen in being […]

BITCOIN is a very different from other financial  products. For the most part government issued currencies follow certain rules, respond to changes in policy and macroeconomic data. Bitcoin on the other hand, is not only decentralized but it is also not regulated by a government or central bank – which therein lies its appeal. Some […]

Here’s what’s moving and shaking on this Manufacturing PMI Wednesday at 3 PM GMT. Australian Dollar rose sharply against the Swissie after 6 AM and the pair is up by point 63%, which is the day’s top move. China Manufacturing PMI stood unchanged and Australian Dollar tops the advancers and decliners table. Canadian Manufacturing PMI […]

Friday’s job report is undoubtedly the week’s most significant data release out of the US. However, ahead of that, other events also have the capacity to steer the greenback in either direction. Nonfarm payrolls are projected to have increased by 312k in October. This is in stark contrast to September’s decline by 33k which marked […]

Recently, the GOLD has been trading sideways at the price of $1,274.00. According to the 15M time – frame, I found strong rejection from the upward trendline (re-test), which is sign that buying looks risky. The price also rejected near pivot resistance 2 at $1,282.00, which is another sign of weakness. My advice is to […]

Thursday brings a very important news release for Pound traders, so let’s find out more. Swiss Consumer Confidence for October is up first at 6:45 AM. The Index rebounded in September and now stands well above its long-term average; in particular, consumers are more increasingly optimistic about economic growth and job market. Swiss Retail Sales […]

Recently, the GBP/USD has been upwards. The price tested the level of 1.3320 in an ultra high volume. Anyway, according to the 15M time – frame, I found a strong sign of weakness and rejection from pivot resistance 1 at the price of 1.3315, which may leady GBP/USD lower. There is also divergence on the […]

The New Zealand unemployment rate dropped to 4.6% in the three months ended September 30 down from 4.8% in June, Statistics New Zealand said in its household labor force survey. That’s the lowest level since the December 2008 quarter when New Zealand was in recession, and below the 4.7% predicted in a Bloomberg poll of […]

The latest data on price pressure in Eurozone disappointed the market participants, as the annual core inflation rate fell to 0.9% in October from 1.1% a month ago. This his matches the low from May. The low this year and last was 0.7%, while the cyclical low was 0.6%. The negative outlook for the data […]

Morning Report: 07.00 London This morning, the US dollar is trading slightly higher ahead of today’s FOMC meeting, building on yesterday’s gains. The dollar remains unaffected by yesterday’s New York terror attack. The dollar pairs are mixed, with the NZD/USD rallying after strong employment data last night. The AUD/USD is also out-performing in sympathy. By […]

It’s 12pm GMT, so let’s have a look how traders have been performing this morning with the Dukascopy Midday Snapshot. Euro/Dollar has shown little action so far – volatility is just 31 pips and traded volume is low. Sentiment of the traders is neutral, at an even balance. November has started off with a slow […]

USD/JPY is expected to trade with bullish outlook. The pair is trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside bias. The relative strength index is above its neutrality level at 50. Hence, as long as 113.55 holds on the downside, look for the continuation of rebound […]

Overview: The USD/CHF breached the resistance at 0.9942. Right now, it tries to break the second one around the spot of 0.9998 which acts as support now. Hence, the pair has already formed minor support at 0.9942. The strong support is seen at the level of 0.9898 because it represents the weekly pivot. In the […]

Daily Outlook A recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart. This resulted in a quick bullish advance towards next price zones around 0.7150-0.7230 (Key-Zone) and 0.7310-0.7380 which was temporarily breached to the upside. The recent bearish pullback was […]

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2050-1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

CME Group is the largest and most recognized trading platform for derivatives and Commodities in the world. The unusual sensation was triggered by yesterday’s official press release from which digital currencies society learn that the platform will also support BITCOIN contracts. The exact date is not yet known and depends on meeting all requirements of […]

Trading plan for 01/11/2017: A quiet overnight trading session in Asia with most of the majors trading inside of the range. EUR/USD is at 1.1651, GBP/USD breaks to 1.3307 and USD/CAD is 1.2881. On the commodity market, Crude Oil has extended gains to $54.96, GOLD is trading a little higher as well, currently at $1,275. […]

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